Homegrown crypto exchange CoinDCX lays off 12% of its workforce
Homegrown crypto exchange CoinDCX on Tuesday said it is laying off about 12 per cent of its workforce, as the…
Homegrown crypto exchange CoinDCX on Tuesday said it is laying off about 12 per cent of its workforce, as the…
Direct tax collected by way of tax deducted at source (TDS) on payments made upon transfer of virtual digital assets (VDA) aggregated to Rs 157.9 crore upto March 20, 2023, the Parliament was told on Tuesday.
The Central Government hereby specifies that Air India Ltd shall not be considered as 'seller' for the purposes of sub-section (1H) of section 206C of the said Act in relation to transfer of goods by it to Air India Assets Holding Ltd under a plan approved by the Central Government,"
If the two documents are not linked then the TDS rate on taxable payout will be 20 per cent as per Section 206
While wishing that the stimulus will succeed in its stated objective, it would probably have been better had the Government chosen to put money in the citizen's hands by increasing Government spending and providing employment to the crores rendered jobless by the pandemic because a supply-side monetarist approach may not be the best way to reboot our economy.
1. This reduction in TDS will only be applicable for 23 levied payments. 2. TCS, it will be applicable to four categorise rooms of the Income Tax Act. 3. It is estimated that the move will release liquidity of Rs 50,000 crore in the difficult period of Covid-19 pandemic.
"This reduction would release nearly Rs 50,000 crore in the hands of the people who would have otherwise paid it as TDS," Sitharaman said.
“No good news for north Bengal from this budget,” Mr Bihani said.
Over 81 lakh houses with an investment of about Rs 4.83 lakh crore sanctioned of which construction started in about 47 lakh houses.
The detailed guidelines for Deductions and Deposits of TDS by the DDO under GST have been issued by government and manuals regarding registration as TDS & TCS may be downloaded from the official website of Excise and Taxation Department, Himachal Pradesh.
